May 29th, 2003

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_____________________[PRO] Visa, Philips team to promote 'contactless' credit card



Visa, Philips team to promote 'contactless' credit card

Visa International and Royal Philips Electronics have unveiled an exclusive partnership agreement under which the two companies will jointly develop and promote the application of contactless chip technology for payment transactions. Using the technology, consumers could easily make payments to purchase goods or unlock services simply by waving a credit card equipped with a contactless interface at a reader.

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